Jones Lang LaSalle (JLL) to Release Earnings on Wednesday

Jones Lang LaSalle (NYSE:JLL) is scheduled to release its earnings data before the market opens on Wednesday, November 6th. Analysts expect Jones Lang LaSalle to post earnings of $2.66 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. Jones Lang LaSalle’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, analysts expect Jones Lang LaSalle to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Jones Lang LaSalle Stock Down 0.4 %

Shares of NYSE JLL opened at $271.92 on Wednesday. Jones Lang LaSalle has a 12-month low of $123.17 and a 12-month high of $279.65. The stock’s fifty day simple moving average is $260.28 and its two-hundred day simple moving average is $227.39. The stock has a market capitalization of $12.93 billion, a PE ratio of 43.72 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

Several research firms have issued reports on JLL. Raymond James lifted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, UBS Group increased their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $246.80.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.